Generative AI has yet to move the needle on enterprise IT spending, according to most analysts. But data cloud services are starting to reap the benefits of this year’s model harvest.
“Interest in AI is also driving interest in data strategy, which then has a knock-on effect on consumption,” Slootman said.
CRM giant Salesforce also benefited from higher-than-expected year-over-year revenue gains in the quarter running concurrently with Snowflake’s Q3, due largely to usage of its Data Cloud services.
